Dewey & LeBoeuf

Alexander M. Dye

Partner

Alexander M. Dye chairs the firm’s U.S. Mergers and Acquisitions Practice Group. Mr. Dye represents strategic and financial buyers, sellers and financial advisers in merger and acquisition transactions. He advises on public and private acquisitions, sell-side and buy-side auctions, asset acquisitions, hostile takeovers, proxy contests, leveraged buy-outs and strategic and rescue investments. He also advises boards of directors on the implementation of defensive measures, including shareholder rights plans, charter and by-law provisions and regulatory defenses.

Mr. Dye also has an active capital market practice, and advises issuers and underwriters in public and private offerings of debt, equity and hybrid securities.

Mr. Dye's practice focuses primarily on transactions in the insurance industry. Over his career, he has been involved in many of the industry’s most significant transactions. Chambers USA has recognized Mr. Dye as a leading lawyer for insurance transactions every year since it commenced publication in 2005. Its 2011 edition places Mr. Dye in Band 1 (its highest band) nationally and in New York for "Insurance: Transactional and Regulatory." In addition, in March 2010, Mr. Dye was named "Dealmaker of the Week" by The American Lawyer for leading two M&A transactions with an aggregate value of approximately $17 billion that were announced within a three week period in the first quarter of 2010.

Selected M&A representations

ACE in its acquisition of certain assets and liabilities relating to the high-value personal lines business of Atlantic Mutual and Balboa Insurance Group.
Aegon N.V. in its $1.3 billion acquisition of JCPenney’s Direct Marketing Services division.
Allstate in its $1.0 billion acquisition of Esurance from White Mountains Group.
Aviva plc in its $2.9 billion acquisition of AmerUS Holdings.
AXA in its $1.8 billion sale of Winterthur’s US property and casualty operations to QBE.
AXA in its $1.0 billion investment in and subsequent sponsored demutualization of Equitable Life.
Bank of America Merrill Lynch as financial adviser to Fairfax Financial in Fairfax's acquisition of the publicly held minority stake of Odyssey Reinsurance Group.
BAT Industries in its successful defense against an unsolicited $21 billion takeover attempt by Sir James Goldsmith.
BATUS in its $5.2 billion unsolicited acquisition of Farmers Group Inc.
ED&F Man Holdings Limited in its $268 million sale of its Westway bulk liquid storage and liquid animal supply business to Sherman WSC Acquisition Corp., a special purpose acquisition company (SPAC).
Farm Family Holdings in its $280 million sale to American National Insurance Company.
GE Capital in its $950 million acquisition of Colonial Penn Insurance Company from Leucadia National.
GE in its $6.8 billion sale of GE Insurance Solutions to Swiss Re.
General American Mutual Holding Company in its $1.2 billion sale of General American Life to MetLife.
Genworth Financial in the $290 million sale of its Medicare supplement business to Aetna.
Goldman Sachs Capital Partners in its $1.4 billion acquisition of USI Holding Corporation.
Hillenbrand Industries in its $280 million sale of Forethought Financial Services to the Devlin Group.
International Insurance Investors in its $100 million acquisition of Unionamerica Insurance Company Ltd. from Continental Corp.
Irish Life in its acquisition of First Variable Life Insurance Company from the estate of Monarch Life.
JP Morgan as financial adviser to the special committee of the board of directors of James River Group in its $575 million sale to DE Shaw.
JP Morgan Chase in the $1.2 billion sale of its life insurance and annuity operations to Protective Life.
Lincoln National in its $7.4 billion merger with Jefferson-Pilot.
MetLife, Inc. in its $15.5 billion acquisition of the ALICO division of AIG.
MetLife, Inc. in its $11.8 billion acquisition of Travelers Life & Annuity from Citigroup.
Merrill Lynch as financial adviser to Hub International in its $1.8 billion sale to Apax Partners.
Nationwide Financial Services in its $1.6 billion sponsored demutualization of Provident Mutual.
Old Mutual plc in the $350 million sale of its U.S. life insurance and annuity business to Harbinger Capital.
Strategic Resources Company in its $242 million sale to Aetna.
White River Corporation in its $442 million sale to the Harvard Private Capital Group, an affiliate of Harvard University.
Zenith National in its $1.4 billion sale to Fairfax Financial.
Zenith National in the $272 million sale of CalFarm Insurance to Nationwide Mutual.
Zurich Financial Services in the recapitalization of Home Holdings and the related acquisition by Zurich of certain assets and renewal rights of Home Insurance Company.

Selected capital markets representations

Underwriters in the $370 million initial public offering of Bristol West, a KKR portfolio company.
Underwriters in public offering in the U.S. and Canada by Fairfax Financial of $1 billion of subordinate voting shares.
GE as selling shareholder in the $2.86 billion initial public offering of Genworth Financial.
Mutual of Omaha in its $300 million of offering of surplus notes.
Underwriters in public offering by Radian Group of $550 million of common stock.
The New York Public Asset Fund in the conversion of Empire Blue Cross/Blue Shield into WellChoice and the $420 million initial public offering of WellChoice shares owned by the Fund.
Underwriters in the $2.2 billion initial public offering of Principal Financial Group.